The euro was slightly up at $1.09 on Thursday, as EU finance ministers are set to resume talks on a coordinated action against Covid-19 later in the day, after failing to deliver any new proposals on Tuesday. The three ideas that were likely to get the most support were the use of the ESM bailout fund, the European Investment Bank and the Commission's short-time work scheme to prevent lay-offs. However, ministers were divided on whether European nations should establish fiscal targets in exchange for new funding, and on whether joint debt issuance should be an option. EU leaders had already failed on March 26th to agree on a response to help the European economy.
Historically, the Euro Dollar Exchange Rate - EUR/USD reached an all time high of 1.87 in July of 1973.The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies. Euro Dollar Exchange Rate - EUR/USD - data, forecasts, historical chart - was last updated on April of 2020.
The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 1.08 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.07 in 12 months time.